4 min read
Updated on Oct 28, 2022
Do you prefer individual health insurance policy over family floater ones? If you are planning to buy an individual health insurance plan, check its features and benefits here in this blog.
Individual Health Insurance plans refer to the ones that offer health coverage to the insured on an individual basis as opposed to a family floater basis. Here, the insured can get coverage against the costs incurred towards upholding the overall health security of the person.
Under individual health insurance, the insured gets hospitalization expenses covered as per the sum insured. Individual plans need to be bought individually for every member of the family, unlike the family floater plans. Hence, you have the liberty to modify your health plan as per your requirement and health condition.
Here are some features of an individual health insurance policy:
Here are some benefits of the individual health insurance policy:
Further, under individual insurance the insured can make multiple claims within a year since the policy caters to one person only and you do not have to share it with anyone.
Here are the best health insurance companies for individuals:
Here are the steps to buy Individual Health Insurance
Individual insurance plans allow coverage to individuals for their health as per the sum insured. Under these plans each family member gets protection on an individual basis. Thus, in an individual health insurance plan, only the policyholder is covered and receives protection. Health insurance for low income individuals is also available.
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